bangko sentral ng pilipinas news
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Bangko Sentral: PHL payments position posts $274-M surplus in April
Manila :: Philippines | 5 hours ago
Credibility
A surplus means more money entered the country, giving it the resources to settle external obligations and beefing up its foreign reserves position which serves as cushion against external shocks. The country's gross international reserves (GIR)
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BSP eyes burden-sharing with gov't to deal with losses
Manila :: Philippines | 1 day ago
Credibility
The BSP's charter provides for mandatory remittance of 75 percent of its net income to the Bureau of the Treasury. However, there is no burden sharing arrangement with respect to losses incurred. Thus, when the BSP makes a profit, the BSP by law has
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Mines Bureau: BSP gold buying down 94% as taxes turn off sellers
Manila :: Philippines | 3 days ago
Credibility
April 2, 2012, the Mines Bureau added. As a result, there was a 93 percent plunge in the documented output (value) of small-scale miners, as reflected in the purchases of the Bangko Sentral ng Pilipinas, the Mines Bureau noted, saying this helped
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Bangko Sentral losses balloon nearly threefold
Manila :: Philippines | 4 days ago
Credibility
Bangko Sentral governor Amando Tetangco Jr. said losses of the central bank were a result of its fulfillment of its mandate of helping keep stability in the economy. The BSP's losses resulted from the monetary authority's conduct of its stabilization
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Overseas Filipino remittances reach $5.1 billion in Q1 — Bangko Sentral
Riyadh :: Saudi Arabia | 5 days ago
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Overseas Filipino remittances reach $5.1 billion in Q1 Bangko Sentral May 15, 2013 3:38pm Bank remittances by overseas Filipinos totaled $5.1 billion in the first quarter of the year, up 5.6 percent year-on-year and in line with sustained demand for
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Bangko Sentral tightens rules on pawnshops
Manila :: Philippines | 6 days ago
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PhilippinesBangko Sentral ng Pilipinas (BSP) has directed pawnshops to strictly implement identification requirements for customers to help ensure that items being pawned are not stolen goods or illicit covers for money laundering. The BSP said it
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Pawnshops pressed on consumer measures
Manila :: Philippines | 7 days ago
Credibility
Pilipinas (BSP) has reminded pawnshops to implement rules on consumer protection as it noted a rise in violations. It has come to our attention that there are pawnshops which are not adhering to existing regulations on the acceptance of pawn items
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Inflation to stay within expectations — Bangko Sentral survey
Manila :: Philippines | 7 days ago
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Inflation to stay within expectations Bangko Sentral survey May 13, 2013 12:22pm The risk factors to inflation this year are election spending, government infrastructure spending in line with projects under the private-public partnership program, and
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Bangko Sentral: Net hot money reached $885.83M in week ending April 26
Manila :: Philippines | 7 days ago
Credibility
Total inflows from April 22 to April 26 reached $1.466 billion, versus $580.93 million in outflows, data showed. As a result, net foreign portfolio investments in the year to April 26 hit $1.954 billion, up 150-percent from $782.91 million in
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Foreign direct investments grow 127% in Feb. — Bangko Sentral
Manila :: Philippines | 10 days ago
Credibility
Foreign direct investments grow 127% in Feb. Bangko Sentral With investor confidence high on the Philippines, job-creating foreign direct investments more than doubled in February from a year earlier, the Bangko Sentral ng Pilipinas said Friday. In a
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